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Diane M. Gershowitz, a director and 10% owner at Marcus Corp (NYSE:MCS), recently disclosed a series of stock transactions amid the company’s volatile market performance. Trading at $16.94 with a market cap of $539 million, MCS shares have declined 21% year-to-date. On March 3, Gershowitz reported acquiring 21,758 shares of common stock, and the transaction was recorded at no cost per share. Following this acquisition, Gershowitz’s direct ownership amounts to 61,797 shares.
Additionally, a separate transaction involved the disposition of 27,136 shares of common stock, also recorded at no cost, resulting in a post-transaction balance of 34,661 shares under direct ownership. These transactions reflect changes in Gershowitz’s holdings but do not involve any cash exchange.
The SEC filing further indicates Gershowitz’s indirect ownership of 175,617 shares through DG-LDJ Holdings, LLC, and various stock options with differing exercise prices and expiration dates.
In other recent news, Marcus Corporation reported its fourth-quarter earnings, which did not meet analyst expectations. The company posted earnings per share of $0.03, falling short of the consensus estimate of $0.06. However, Marcus Corporation’s revenue for the quarter was $188.3 million, surpassing analyst projections of $176.17 million and marking a 16.6% increase from the same period last year. The Marcus Theatres division experienced a 22.9% revenue increase to $121.2 million, with attendance rising by 29.1%, although average ticket prices decreased by 10.6% due to promotional pricing. The company’s hotel division, Marcus Hotels & Resorts, saw a 5.4% revenue increase to $57.6 million, with a 3.6% growth in revenue per available room at comparable company-owned hotels. For the full fiscal year 2024, Marcus Corporation reported a net loss of $7.8 million, contrasting with net earnings of $14.8 million in fiscal 2023. The company attributed this loss partly to debt conversion expenses related to convertible senior notes repurchases. Looking forward, management expressed optimism about the film slate for 2025, with anticipated releases like "Mission Impossible: The Final Reckoning" and "Avatar: Fire and Ash."
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